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Recommendation Rental Rate - ATR

The document provides a recommendation for the rental rate of commercial space in AMA Tower Residences. It summarizes the current market rental rates in the area, with the closest comparable building offering upper commercial space for 750 pesos per square meter. It recommends offering the space to client Lendell Corporation at the same rate of 750 pesos per square meter, excluding VAT and withholding tax. A sample computation is attached showing the monthly rental would be 75,000 pesos plus VAT, less withholding tax, plus common area dues, for a total monthly payment of 93,250 pesos. The recommendation is provided to the president for review and approval.

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Jhonzi Monserate
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82 views3 pages

Recommendation Rental Rate - ATR

The document provides a recommendation for the rental rate of commercial space in AMA Tower Residences. It summarizes the current market rental rates in the area, with the closest comparable building offering upper commercial space for 750 pesos per square meter. It recommends offering the space to client Lendell Corporation at the same rate of 750 pesos per square meter, excluding VAT and withholding tax. A sample computation is attached showing the monthly rental would be 75,000 pesos plus VAT, less withholding tax, plus common area dues, for a total monthly payment of 93,250 pesos. The recommendation is provided to the president for review and approval.

Uploaded by

Jhonzi Monserate
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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TO : Sir ANGEL MONTES Jr.

President PICAR Development Inc.


SVP & Head, Corporate Credit and Investment
AMA Group of Companies

THRU : Mr. WILLIAM DINGLE


Head, Sales and Marketing

FROM : Mr. JONZI MONSERATE


Building Manager - ATR

DATE : 7 November 2022

RE : RECOMMENDATION FOR THE RENTAL RATE OF ATR COMMERCIAL SPACE

_____________________________________________________________________________________

In compliance with your directive, I am submitting the following recommendation on the above subject
matter, to wit:

BACKGROUND:
In our pursuit to have our commercial space be rented by prospective tenants may I endorse the
research I conducted on the current market rental rates of commercial unit/space on the same area of
AMA Tower Residences.

Along with this activity is my purpose to introduce the intent of our one unit owner to lease our
commercial space for office use. Since, the unit they purchased has a limited number of occupant
accommodation, regardless if we intend to adapt the “SOHO” set-up or not (house rules applied).

Displayed below are the consolidated rates of buildings offering commercial unit/space for
lease:

See table below for your reference:


RECOMMENDATION:

Upon verification, the rates reflected herewith are inclusive of Value Added Tax (VAT) and
Witholding Tax. The closest commercial building within our location (City Net 1) offer their upper
commercial space at Php. 750/per square meter, from there we can pattern our costing with the same
offered rate.

In light with this, May I recommend that we offer the client Lendell Corporation, a company to
lease the unit with the amount of 750 pesos per square, VAT and Withholding Tax not included. This is
may also shows that we purposely give them favor on the SOHO issue.
I also attached sample computation for the rate that we may apply as precedent for the
upcoming lessee.

Commercial Area in square meters : 100 sqm @ Php. 750.00/sqm

Monthly Rental : Php.75,000.00 ;


Plus: VAT : Php.9,000.00 ;
Less: 5% Withholding Tax : Php.3,750.00 ;
Plus: Common Area Dues : Php.13,000.00 ;
(@ Php.130/sqm)
-------------------------------------
Total Monthly Payment : Php.93,250.00 ;

For your perusal and recommendation please. Thank you and God bless.

Respectfully,

Jonzi Monserate
ATR – Building Manager

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